AMC Entertainment Holdings, Inc. (NYSE:AMC - Free Report) - Analysts at Wedbush reduced their FY2024 EPS estimates for AMC Entertainment in a research note issued to investors on Thursday, November 7th. Wedbush analyst A. Reese now anticipates that the company will post earnings per share of ($1.42) for the year, down from their previous forecast of ($1.22). Wedbush currently has a "Neutral" rating and a $4.00 price target on the stock. The consensus estimate for AMC Entertainment's current full-year earnings is ($1.36) per share. Wedbush also issued estimates for AMC Entertainment's Q4 2024 earnings at ($0.17) EPS, Q2 2025 earnings at ($0.29) EPS, Q3 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.70) EPS and FY2026 earnings at ($0.34) EPS.
AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted ($0.09) EPS. The business's revenue for the quarter was down 4.1% on a year-over-year basis.
Other analysts have also issued reports about the stock. Morgan Stanley reduced their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, August 12th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday. Finally, B. Riley reduced their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, AMC Entertainment currently has a consensus rating of "Hold" and an average target price of $5.44.
Get Our Latest Report on AMC
AMC Entertainment Stock Up 7.0 %
AMC Entertainment stock traded up $0.30 during mid-day trading on Monday, reaching $4.57. 17,300,213 shares of the company's stock traded hands, compared to its average volume of 26,189,627. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -2.65 and a beta of 1.83. The stock has a 50 day moving average of $4.50 and a two-hundred day moving average of $4.67.
Institutional Investors Weigh In On AMC Entertainment
Institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new position in shares of AMC Entertainment in the third quarter worth about $37,000. Skylands Capital LLC acquired a new stake in shares of AMC Entertainment in the second quarter valued at about $50,000. Creative Planning purchased a new position in shares of AMC Entertainment in the third quarter valued at approximately $48,000. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after buying an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment in the third quarter valued at approximately $55,000. Institutional investors own 28.80% of the company's stock.
About AMC Entertainment
(
Get Free Report)
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
See Also
Before you consider AMC Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMC Entertainment wasn't on the list.
While AMC Entertainment currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
